Dimensional Fund Advisors LP Sells 50,317 Shares of Photronics, Inc. (NASDAQ:PLAB)

Dimensional Fund Advisors LP trimmed its position in Photronics, Inc. (NASDAQ:PLAB - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,502,244 shares of the semiconductor company's stock after selling 50,317 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.11% of Photronics worth $106,074,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PLAB. Smartleaf Asset Management LLC boosted its position in Photronics by 216.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,114 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 762 shares during the period. Federated Hermes Inc. purchased a new position in Photronics during the fourth quarter valued at approximately $47,000. Parkside Financial Bank & Trust increased its stake in Photronics by 65.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,283 shares of the semiconductor company's stock valued at $54,000 after buying an additional 904 shares during the period. GAMMA Investing LLC lifted its position in Photronics by 17.6% in the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the semiconductor company's stock worth $81,000 after buying an additional 516 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Photronics by 76.8% during the 4th quarter. KBC Group NV now owns 3,467 shares of the semiconductor company's stock valued at $82,000 after buying an additional 1,506 shares during the period. 88.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Walter M. Fiederowicz sold 7,548 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $17.87, for a total transaction of $134,882.76. Following the completion of the transaction, the director now owns 10,000 shares of the company's stock, valued at approximately $178,700. The trade was a 43.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kang Jyh Lee sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $20.90, for a total value of $209,000.00. Following the completion of the sale, the chief executive officer now directly owns 552,100 shares in the company, valued at $11,538,890. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,548 shares of company stock valued at $1,093,093 over the last quarter. Insiders own 3.20% of the company's stock.

Photronics Stock Up 4.5 %

Shares of Photronics stock traded up $0.83 on Friday, hitting $19.25. 106,635 shares of the company traded hands, compared to its average volume of 518,631. Photronics, Inc. has a 12-month low of $16.46 and a 12-month high of $31.60. The company has a 50-day moving average price of $19.63 and a 200 day moving average price of $22.48. The company has a market cap of $1.22 billion, a PE ratio of 9.20 and a beta of 1.40.

Photronics (NASDAQ:PLAB - Get Free Report) last issued its earnings results on Wednesday, February 26th. The semiconductor company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $212.14 million for the quarter, compared to analyst estimates of $210.00 million. Photronics had a return on equity of 9.10% and a net margin of 15.07%. During the same period in the prior year, the firm posted $0.48 EPS. Equities research analysts anticipate that Photronics, Inc. will post 2.3 EPS for the current year.

About Photronics

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.